Talia Samuelson
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The Week in GRC: Companies scramble to adjust to Trump’s tariffs
This week’s governance, compliance and risk-management stories from around the web -Chinese e-commerce giants Temu and Shein say that they will be raising their extremely cheap prices for US customers as of next week, according to the Associated Press. The increase is in response to US President Donald Trump’s tariffs of up to 145 percent on goods from China. While Temu is publicly traded in the US under its parent company PDD Holdings, Shein is not, after a failed IPO in the US. Nearly identical statements posted on their sites read: ‘Due to recent changes in global trade rules and…
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Companies halt guidance in wake of tariffs
Opinion – Plus an introduction to our new reporter Companies are pulling their guidance in droves amid US President Donald Trump’s game of back and forth with tariffs. Last week, Walmart pulled its first quarter guidance over the fracas. Hours later, Trump rescinded many tariffs but increased those on goods from China to a total of 145 percent. Delta Airlines also backpedaledguidance given ‘current uncertainty’. Trump appears to be testing the idiom coined by Benjamin Franklin –‘In this world nothing can be said to be certain, exceptdeathandtaxes’ – upon completing the US Constitution. Those taxes are now entirely uncertain, as…
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Accel appoints Scott Levin as chief legal officer
Former Morton’s Restaurant Group and Torex Retail general counsel will start immediately Gaming terminal and slot machine operator Accel Entertainment has appointed as its chief legal officer and secretary. In his new role, effective immediately, Levin will oversee all the company’s legal affairs and guide the legal side of Accel’s expansion. He succeeds Accel’s current general counsel and chief compliance officer Derek Harmer, who will stay with the company as its first dedicated chief compliance officer. Levin has a diverse legal background, having previously worked across several industries as general counsel. He has served as general counsel for Morton’s Restaurant…
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The week in GRC: Atkins takes over at SEC as companies pull outlook over tariff impact
This week’s governance, compliance and risk-management stories from around the web – On Wednesday the US Senate confirmed Paul Atkins as the chair of the US Securities and Exchange Commission, Bloomberg reported (paywall). He was approved in a 53-44 vote in his favor and replaces the outgoing Gary Gensler. –Atkins is expected to make it easier for companies to go public in the US and to ease up on enforcement, Politico reported. Atkins is a former SEC commissioner who left the organization during 2008’s financial crash. In his time away from the SEC, he has been vocally critical of the…